JKX Oil & Gas

LSE-listed JKX Oil & Gas is an exploration and production company operating in Ukraine (76% of total sales in 1H17) as well as Russia (21%) and Hungary (3%). JKX is the largest private oil producer in Ukraine, accounting for 1.8% of domestic oil and 1.0% of gas production in 1H17. Its proven and probable oil and gas reserves were estimated at 109 MMboe as of end-2016).

Shareholders Structure

SUMMARY

Market Price ($) 0.328
Market Cap ($m) 56
Enterprise Value ($m) 48
Shares Outstanding 171,723,145
Code JKX LN

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2016 2017 2018 2019E 2020F
Sales ($m) 74 76 *** *** ***
EBITDA ($m) 16 25 *** *** ***
Net Income ($m) (37) (18) *** *** ***
Net Debt ($m) 3 10 *** *** ***
Indicator 2016 2017 2018 2019E 2020F
P/E neg. neg. *** *** ***
P/Sales 0.76 0.74 *** *** ***
EV/EBITDA 3.7 2.6 *** *** ***
P/Book 0.36 0.39 *** *** ***

Latest news about JKX Oil & Gas

Oct 09, 2019
| Oil & Gas

JKX Oil & Gas — Reports strong 3Q19 production rates, gas prices continue to fall

LSE-listed JKX Oil & Gas has reported strong 3Q19 and 9M19 operating results, posting a 13% q-o-q increase in total production, to 11.7 kboepd and bringing the 9M19 daily production to 10.7 kboepd. Production in Ukraine was up 16% q-o-q in 3Q19, to 6.2 kboepd, bringing the 9M19 production volumes up 51%, to 5.5 kboepd. At the same time, production in Russia was up 10% q-o-q, to 5.5 kboepd, and 9M19 production was down 1%, to 5.1 kboepd.
Aug 05, 2019
| Oil & Gas

JKX Oil & Gas — Reports mixed 1H19 financials

LSE-listed JKX Oil & Gas reported 1H19 sales of $45m (-10% h-o-h, +7% y-o-y), EBITDA of $18m (-14% h-o-h, +27% y-o-y), and net income of $2.2m (-14% h-o-h, +27% y-o-y), for an EBITDA margin of 40.0% (-2.4pp h-o-h, +5.8pp y-o-y) and net margin of 4.8% (-21pp h-o-h, +0.4pp y-o-y). Net cash flow from operations was down 61% h-o-h and 42% y-o-y to $7.3m, while investment cash outflow increased 73% h-o-h and 88% y-o-y to $11.5m. Financing cash outflow stood at $5.1m (vs. +$0.5m in 2H18 and -$6m in 1H18), as JKX repaid $5.3m of borrowings (vs. $5.8m in 1H18 and 0 in 2H18).
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